Forex Analysis: EUR/GBP Classic Technical Report 01.04.2013


Prices moved lower as expected after putting in a Bearish Engulfing candlestick pattern below rising channel resistance, taking out support at 0.8154 and exposing an upward-sloping trend line barrier at 0.8100. A further push below that targets the channel bottom at 0.8029. The 0.8154 mark has been recast as near-term resistance.

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Forex_Analysis_EURGBP_Classic_Technical_Report_01.04.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.04.2013

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--- Written by Ilya Spivak, Currency Strategist for

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